Shares of LTIMindtree jumped over 2% to the day’s high of Rs 5638 on the BSE while BEL fell 1.4% to the day’s low of Rs 143.95. Meanwhile, UPL traded flat though the bias was positive and Dabur India gained up to 0.40% to Rs 543.85 around 12 pm.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,